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Swift Media gains new substantial shareholder in Schroder Investment Management

Schroders is one of Australia's largest independent investment managers.
the word SCHRODERS engraved into stone
Shares in the company last traded at 16 cents

Swift Media Ltd (ASX:SW1) has gained a new major shareholder in Schroder Investment Management Australia Limited (SIMAL), which has accumulated a 5.52% holding.

Schroders is a world-class asset manager operating from 32 countries across Europe, the Americas, Asia, the Middle East and Africa.

Swift is a diversified telecommunication, advertising and content solutions provider with services including free-to-air television, pay television, video on demand, integrated advertising and analytics.

It generated $12.46 million in revenue during the recent December half.

READ: Swift Media has a unique combo of technology, content and advertising: Pitt Street Research

A recent research report from Pitt Street Research valued the company in a range of 75 to 84 cents per share.

Pitt Street’s revenue growth and margin forecasts, derived from Swift Media’s new business combination, indicate a value well in excess of its 16-cent share price.

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